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  • #521
  • Nov 20, 2009 10:41pm Nov 20, 2009 10:41pm
Quoting Gleneagles
PPP,

Belated but Happy Birthday!

Many more..birthdays as well as pips.
Thanks Glen.

I got lots of presents yesterday. But the biggest present was the one I started unwrapping back in August...

By the time last night's trades closed, they looked like this:

GU = +25, +35, +50, +132 = 242
EU = +25, +35, +50, +75 = 185
EJ = +25, +35, +50, +21 = 131

558 pips for the night!

I remember the days when so many of us were trying to get 5 pips, and get out...

This week has been a 100% success. No losses at all.

So, once again, thanks Glen.

PPP
How do you make a small fortune in Forex? Start with a large one!
  • #522
  • Nov 20, 2009 11:00pm Nov 20, 2009 11:00pm
Quoting paidperpip
Thanks Glen.

I got lots of presents yesterday. But the biggest present was the one I started unwrapping back in August...

By the time last night's trades closed, they looked like this:

GU = +25, +35, +50, +132 = 242
EU = +25, +35, +50, +75 = 185
EJ = +25, +35, +50, +21 = 131

558 pips for the night!

I remember the days when so many of us were trying to get 5 pips, and get out...

This week has been a 100% success. No losses at all.

So, once again, thanks Glen.

PPP
Great results PPP. It is working for you .

Do you think writing the trading plan has helped your mindset and more clarity by going over the old posts( review) of Glen's.?? I think so as I have been following your journey on these FF threads.
  • #523
  • Nov 20, 2009 11:44pm Nov 20, 2009 11:44pm
Quoting lrathi
Great results PPP. It is working for you .

Do you think writing the trading plan has helped your mindset and more clarity by going over the old posts( review) of Glen's.?? I think so as I have been following your journey on these FF threads.
Hi paid:
Congratulations of your awesome success. Your pip totals, did you close 1/4 lot, 1/4 lot etc. on those four pips totals. I also assume you are trading the London session. I live in est and it's tough to stay up and trade and go to work the next day, but with results like that I'll drink the mountain dew and stay awake, lol. Congrats again.

Jim
  • #524
  • Nov 21, 2009 12:05am Nov 21, 2009 12:05am
Quoting lrathi
Great results PPP. It is working for you .

Do you think writing the trading plan has helped your mindset and more clarity by going over the old posts( review) of Glen's.?? I think so as I have been following your journey on these FF threads.
I would say both are essential.

If you don't understand what you are dong 100%, then don't trade. Its as simple as that.

When you can recite this stuff in your sleep, its time to trade.

Reviewing the posts has been pivotal to my trading. Then formalising that knowledge into my trading plan has meant that I was able to fully satisfy myself that I understood the plan as it was intended, and was thus in a position to trade it.

A wise man once said: "Learn the rules, then you can work out which ones you can break!" Initially, I was going for a TP of 15, and had a similar SL. I was trying to break the rules without knowing ALL of the rules. Of course, this meant I was being stopped out more often than I was hitting TP...

Glen repeats himself a lot, but I am certain it is not in his nature to do so. But when the man says stuff like "I am unable and unwilling to explain it any further", he is really saying "Sorry guys, I can't find a way to make this complicated!"

Its all here. In these posts and back on Indrik's thread, and of course, in the manual... Everything you need to know to change your life permanently, and maybe do some good for this little planet we call home...

PPP
How do you make a small fortune in Forex? Start with a large one!
  • #525
  • Nov 21, 2009 12:10am Nov 21, 2009 12:10am
Quoting bigjim1958
Hi paid:
Congratulations of your awesome success. Your pip totals, did you close 1/4 lot, 1/4 lot etc. on those four pips totals. I also assume you are trading the London session. I live in est and it's tough to stay up and trade and go to work the next day, but with results like that I'll drink the mountain dew and stay awake, lol. Congrats again.

Jim
Hi Jim,

Yeah, they were 0.1 lots respectively... So, I took a 0.4 lot trade, and scaled out in 0.1 lots.

And yep, it was the London session. I live in Australia, so it is convienent for me to start trading about 5pm local time.

In terms of staying up late, if you can manage to see the setups, and place the trade, see what happens if you follow all the rules, and then let the EA take over to manage your exits. I certainly didn't stay up through the whole session last night.

If your TP's get hit, so be it. If you SL's get hit, so be it... You are traidng to the plan. Be the mindless clerk, Luke!

All the best,

PPP
How do you make a small fortune in Forex? Start with a large one!
  • #526
  • Nov 21, 2009 12:22am Nov 21, 2009 12:22am
[quote=paidperpip;3250307]Thanks Glen.



GU = +25, +35, +50, +132 = 242 237
EU = +25, +35, +50, +75 = 185 175
EJ = +25, +35, +50, +21 = 131 140

558 pips for the night! 552


PPP,

You beat me by 6 pips
I will have to add some indicators and filters, the system is letting me down.
Nothing motivates like success.

" Never let the past hold the future to ransom "
  • #527
  • Nov 21, 2009 12:42am Nov 21, 2009 12:42am
[quote=Gleneagles;3250361]
Quoting paidperpip
Thanks Glen.



GU = +25, +35, +50, +132 = 242 237
EU = +25, +35, +50, +75 = 185 175
EJ = +25, +35, +50, +21 = 131 140

558 pips for the night! 552


PPP,

You beat me by 6 pips
I will have to add some indicators and filters, the system is letting me down.
Nothing motivates like success.

lololololololol!

Learnt from the best sir!

But seriously, I was thinking of this great indi that calculates the amount of time left before the Sun completes a full revolution around Grand Galactic Centre, which you halve, and then add to the square root of your shoe size minus the number of hairs on the average person's head. When you put the indi on the chart, the actual PA is squeezed into a 1 inch square on the top right hand corner! It will be great! I will send you the MQ4! I think it will be ideal for our purposes!

You are SO RIGHT though! Nothing motivates like success. I can honestly say that my past is NOT holding my future to ransom.


PPP
How do you make a small fortune in Forex? Start with a large one!
  • #528
  • Nov 21, 2009 2:40am Nov 21, 2009 2:40am
Quoting paidperpip
I would say both are essential.

If you don't understand what you are dong 100%, then don't trade. Its as simple as that.

When you can recite this stuff in your sleep, its time to trade.

Reviewing the posts has been pivotal to my trading. Then formalising that knowledge into my trading plan has meant that I was able to fully satisfy myself that I understood the plan as it was intended, and was thus in a position to trade it.

A wise man once said: "Learn the rules, then you can work out which ones you can break!"...
I reckon the BLUE text is worthy of being placed in POST #1.
  • #529
  • Nov 21, 2009 2:58am Nov 21, 2009 2:58am
Hi
Here is an Excel file for the checklists.

I use them to check back on a planned trade.

Edit and change the file to your needs but this is the same as the PDF files.

Thanks to all for all your patience and understanding

John
Durban, South Africa ( The Shark World of rugby)
Attached File(s)
File Type: xls Checklists.xls   64 KB | 446 downloads
  • #530
  • Nov 21, 2009 3:52am Nov 21, 2009 3:52am
Quoting lrathi
I reckon the BLUE text is worthy of being placed in POST #1.
Hi lrathi!

Yep, I believe you are right. It is time to update the first post. I will see what I can do about same tomorrow.

Right now though, I am sampling the De Bortoli 21 year old port that I was given yesterday. If I re-write it now, it might sound like gibberish! Lol

PPP
How do you make a small fortune in Forex? Start with a large one!
  • #531
  • Nov 21, 2009 12:18pm Nov 21, 2009 12:18pm
Greetings,

Fun technique, fun atmosphere.
Congrats and continued success to all.

Personally, I've gotta work on holding these trades a tad longer, hehe.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.jpg Size: 112 KB
  • #532
  • Nov 21, 2009 5:18pm Nov 21, 2009 5:18pm
Can you share your template?

Thanks
  • #533
  • Nov 21, 2009 6:20pm Nov 21, 2009 6:20pm
Quoting paidperpip
Thanks Glen.

I got lots of presents yesterday. But the biggest present was the one I started unwrapping back in August...

By the time last night's trades closed, they looked like this:

GU = +25, +35, +50, +132 = 242
EU = +25, +35, +50, +75 = 185
EJ = +25, +35, +50, +21 = 131

558 pips for the night!

I remember the days when so many of us were trying to get 5 pips, and get out...

This week has been a 100% success. No losses at all.

So, once again, thanks Glen.

PPP
Hey I just saw this----558 pips? --big deal- I got my normal 20. Hmmmm maybe I better start adjusting my TP's
We are all One. Be present. Be the Observer
  • #534
  • Nov 21, 2009 6:32pm Nov 21, 2009 6:32pm
Quoting ForexHunter
Can you share your template?

Thanks
Hi Forexhunter,

Its here, in amongst the mess, back around a week ago. Enjoy!

PPP
How do you make a small fortune in Forex? Start with a large one!
  • #535
  • Nov 21, 2009 6:40pm Nov 21, 2009 6:40pm
Quoting Iamfx
Hey I just saw this----558 pips? --big deal- I got my normal 20. Hmmmm maybe I better start adjusting my TP's
Maybe...

They are an integral part of the workings really. The system relies upon them. Its no good having the trix on the chart, if you don't have your settings calibrated to the system that the trix requires. Its like putting diesel in a Porche... Won't go very fast, or for very long.

I trade smaller lots so I can stomach a 40 pip loss (not that I have had one this week). Just adjust everything as per the instructions, and change your lot sizing to suit.

Even just at 0.1 lots per pip, thats still $560+ for what amounted to around 15 mins of studying the charts before I put my bid on. The EA did the rest.

Pick up a few moves like that every now and then, and you can bet that you will not be trading 0.1 lots for very long! The great thing about this system is that it is sustainable. Thats worth more than all the get rich quick schemes on the planet.

I would love to see someone start up with a $100 micro account and build it up to a million. It can be done: Steady blows break the stone. If traded faithfully, it could be done. (Standard disclaimers apply!)

PPP
How do you make a small fortune in Forex? Start with a large one!
  • #536
  • Nov 21, 2009 8:24pm Nov 21, 2009 8:24pm
Quoting paidperpip
Hi Jim,

Yeah, they were 0.1 lots respectively......
Hi Paid:
Thanks for the great suggestion. I've never used an EA before, are you using Update stops 2 that is in the manual and have you modified it at all? Keep up the great work, you're an inspiration to all of us. Thanks again.

Jim
  • #537
  • Nov 22, 2009 12:04am Nov 22, 2009 12:04am
Quoting bigjim1958
Hi Paid:
Thanks for the great suggestion. I've never used an EA before, are you using Update stops 2 that is in the manual and have you modified it at all? Keep up the great work, you're an inspiration to all of us. Thanks again.

Jim

Hi Jim,

I am using the Update Stops indi, and am trading STRICTLY according to the plan.

PPP
How do you make a small fortune in Forex? Start with a large one!
  • #538
  • Nov 22, 2009 9:47am Nov 22, 2009 9:47am
Quoting paidperpip
Thanks Glen.


GU = +25, +35, +50, +132 = 242
EU = +25, +35, +50, +75 = 185
EJ = +25, +35, +50, +21 = 131

558 pips for the night!

PPP
Well done and keep it up.
  • #539
  • Nov 22, 2009 2:25pm Nov 22, 2009 2:25pm
Quoting Trader7
Well done and keep it up.
You have been a great inspiration to me. You steadily post solid results. Thanks for your input.

PPP
How do you make a small fortune in Forex? Start with a large one!
  • #540
  • Nov 22, 2009 5:08pm Nov 22, 2009 5:08pm
Quoting paidperpip
Hi Forexhunter,

Its here, in amongst the mess, back around a week ago. Enjoy!

PPP
I found your template, but I am wondering whether you could post your checklist indicator. I need that as a mental note before entering. It's a good idea that the checklist is on the chart. Could you post it. Thanks
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